Home > Salary > Latvia > Senior Commodity Manager
A senior commodity manager is responsible for overseeing the procurement and management of commodities for an organization. They analyze market trends, negotiate contracts, and develop strategies to optimize the sourcing and distribution of commodities. They work closely with suppliers to ensure quality, cost-effectiveness, and timely delivery of goods. Additionally, they monitor inventory levels, identify potential risks, and implement risk mitigation plans. Senior commodity managers collaborate with cross-functional teams, such as finance, operations, and sales, to align commodity strategies with overall business goals. They stay updated on industry regulations, market dynamics, and emerging technologies to make informed decisions. Excellent communication, negotiation, and analytical skills are essential for this role.
Estimated Yearly Salary: 50,773 EUR
Estimated Monthly Salary: 4,231 EUR
Estimated Weekly Salary: 976 EUR per week
Estimated Hourly Salary: 24 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,101 EUR
Estimated Weekly Salary: 946 EUR per week
Estimated Hourly Salary: 24 EUR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 51,070 USD
Estimated Monthly Salary: 4,256 USD
Estimated Weekly Salary: 982 USD per week
Estimated Hourly Salary: 25 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 50,773 EUR
Estimated Monthly Salary: 4,231 EUR
Estimated Weekly Salary: 976 EUR per week
Estimated Hourly Salary: 24 EUR per hour
By working as Senior Commodity Manager a person can save up to 3,396 USD per month or 40,750 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Senior Commodity Manager
Last revision of data: 2025-01-04
Data as of 2025
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Senior Commodity Manager salary in Latvia
Average Yearly Salary of Senior Commodity Manager in Latvia is approximately 50,773 EUR (51,070 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Senior Commodity Manager do?
A senior commodity manager is responsible for overseeing the procurement and management of commodities for an organization. They analyze market trends, negotiate contracts, and develop strategies to optimize the sourcing and distribution of commodities. They work closely with suppliers to ensure quality, cost-effectiveness, and timely delivery of goods. Additionally, they monitor inventory levels, identify potential risks, and implement risk mitigation plans. Senior commodity managers collaborate with cross-functional teams, such as finance, operations, and sales, to align commodity strategies with overall business goals. They stay updated on industry regulations, market dynamics, and emerging technologies to make informed decisions. Excellent communication, negotiation, and analytical skills are essential for this role.
Skills: senior commodity manager, procurement, supply chain management, negotiation, risk management, strategic sourcing
Job industry: Supply chain management
Job industry: Supply chain management
How much does Senior Commodity Manager make?
Salary details
How much does Senior Commodity Manager make?Estimated Yearly Salary: 50,773 EUR
Estimated Monthly Salary: 4,231 EUR
Estimated Weekly Salary: 976 EUR per week
Estimated Hourly Salary: 24 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 49,214 EUREstimated Monthly Salary: 4,101 EUR
Estimated Weekly Salary: 946 EUR per week
Estimated Hourly Salary: 24 EUR per hour
Last revision of data: 2024-01-09Senior Commodity Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 51,070 USD
Estimated Monthly Salary: 4,256 USD
Estimated Weekly Salary: 982 USD per week
Estimated Hourly Salary: 25 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Senior Commodity Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Senior Commodity Manager in Latvia earns on average:
2.6 times the average salary (or 260% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Senior Commodity Manager job salary compared to average salary in Latvia.
Comparison shows that a person working as Senior Commodity Manager in Latvia earns on average:
2.6 times the average salary (or 260% of average salary).
Is Senior Commodity Manager a well paid job?
Yes, our data show that Senior Commodity Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Senior Commodity Manager?
High salary for Senior Commodity Manager would be somewhere between 55,850 EUR and 73,621 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Commodity Manager in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 50,773 EUR
Estimated Monthly Salary: 4,231 EUR
Estimated Weekly Salary: 976 EUR per week
Estimated Hourly Salary: 24 EUR per hour
By working as Senior Commodity Manager a person can save up to 3,396 USD per month or 40,750 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Commodity Manager
Estonia is 65,374 USD
Russia is 30,495 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Set decorator (19,685 EUR per year, pre-tax.)
Gas delivery driver (10,027 EUR per year, pre-tax.)
Biomedical engineering manager (31,304 EUR per year, pre-tax.)
Corporate relations manager (25,310 EUR per year, pre-tax.)
Data capture operator (9,508 EUR per year, pre-tax.)
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